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Fair Value Measurements (Tables)
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Fair Value Disclosures [Abstract]    
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]
The following tables set forth, by level, the Company’s assets and liabilities that were accounted for at fair value on a recurring basis as of December 31, 2022 and 2021.

 Fair Value Measurements at December 31, 2022
Quoted Prices in
Active Markets
for Identical
Assets
(Level 1)		Significant
Other
Observable
Inputs
(Level 2)		Significant
Unobservable
Inputs
(Level 3)		Total
  (In millions) 
Assets:    
Inventories carried at market$— $6,281 $2,760 $9,041 
Unrealized derivative gains:    
Commodity contracts— 796 541 1,337 
Foreign exchange contracts
— 258 — 258 
Interest rate contracts— 109 — 109 
Cash equivalents405 — — 405 
Segregated investments1,453 — — 1,453 
Total Assets$1,858 $7,444 $3,301 $12,603 
Liabilities:    
Unrealized derivative losses:    
Commodity contracts$— $665 $603 $1,268 
Foreign exchange contracts
— 275 — 275 
Debt conversion option— — 6 6 
Inventory-related payables— 1,181 89 1,270 
Total Liabilities$— $2,121 $698 $2,819 

 
 Fair Value Measurements at December 31, 2021
Quoted Prices in
Active Markets
for Identical
Assets
(Level 1)		Significant
Other
Observable
Inputs
(Level 2)		Significant
Unobservable
Inputs
(Level 3)		Total
  (In millions) 
Assets:    
Inventories carried at market$— $6,765 $3,004 $9,769 
Unrealized derivative gains:    
Commodity contracts— 902 460 1,362 
Foreign currency contracts— 238 — 238 
Interest rate contracts— 46 — 46 
Cash equivalents448 — — 448 
Segregated investments1,338 — — 1,338 
Total Assets$1,786 $7,951 $3,464 $13,201 
Liabilities:    
Unrealized derivative losses:    
Commodity contracts$— $944 $815 $1,759 
Foreign currency contracts— 191 — 191 
Debt conversion option— — 15 15 
Inventory-related payables— 859 106 965 
Total Liabilities$— $1,994 $936 $2,930 
  
Reconciliation Of Assets Measured At Fair Value On A Recurring Basis
 Level 3 Fair Value Assets Measurements at
December 31, 2022
Inventories
Carried at
Market		Commodity
Derivative
Contracts
Gains		Total
 (In millions)
Balance, December 31, 2021$3,004 $460 $3,464 
Total increase (decrease) in net realized/unrealized gains included in cost of products sold867 1,648 2,515 
Purchases49,735 — 49,735 
Sales(50,414)— (50,414)
Settlements— (1,672)(1,672)
Transfers into Level 31,088 400 1,488 
Transfers out of Level 3(1,520)(295)(1,815)
Ending balance, December 31, 2022 (1)
$2,760 $541 $3,301 

(1) Includes increase in unrealized gains of $2.7 billion relating to Level 3 assets still held at December 31, 2022.
 Level 3 Fair Value Assets Measurements at
December 31, 2021
Inventories
Carried at
Market		Commodity
Derivative
Contracts
Gains		Total
 (In millions)
Balance, December 31, 2020$2,183 $859 $3,042 
Total increase (decrease) in net realized/unrealized gains included in cost of products sold1,131 1,071 2,202 
Purchases30,357 — 30,357 
Sales(30,471)— (30,471)
Settlements— (1,437)(1,437)
Transfers into Level 31,200 103 1,303 
Transfers out of Level 3(1,396)(136)(1,532)
Ending balance, December 31, 2021 (1)
$3,004 $460 $3,464 

(1) Includes increase in unrealized gains of $2.2 billion relating to Level 3 assets still held at December 31, 2021.
Reconciliation Of Liabilities Measured At Fair Value On A Recurring Basis
 Level 3 Fair Value Liabilities Measurements at
December 31, 2022
Inventory-
related
Payables		Commodity
Derivative
Contracts
Losses		Debt Conversion OptionTotal
 (In millions)
Balance, December 31, 2021$106 $815 $15 $936 
Total increase (decrease) in net realized/unrealized losses included in cost of products sold and interest expense3 2,483 (9)2,477 
Purchases183 — — 183 
Sales(203)— — (203)
Settlements— (2,844)— (2,844)
Transfers into Level 3— 401 — 401 
Transfers out of Level 3— (252)— (252)
Ending balance, December 31, 2022 (1)
$89 $603 $6 $698 
 
(1) Includes increase in unrealized losses of $2.5 billion relating to Level 3 liabilities still held at December 31, 2022.
 Level 3 Fair Value Liabilities Measurements at
December 31, 2021
Inventory-
related
Payables		Commodity
Derivative
Contracts
Losses		Debt Conversion OptionTotal
 (In millions)
Balance, December 31, 2020$11 $918 $34 $963 
Total increase (decrease) in net realized/unrealized losses included in cost of products sold and interest expense2 1,992 (19)1,975 
Purchases123 — — 123 
Sales(30)— — (30)
Settlements— (2,191)— (2,191)
Transfers into Level 3— 324 — 324 
Transfers out of Level 3— (228)— (228)
Ending balance, December 31, 2021 (1)
$106 $815 $15 $936 

(1) Includes increase in unrealized losses of $2.0 billion relating to Level 3 liabilities still held at December 31, 2021.
Unobservable Price Components Present in the Level 3 Valuations of Assets and Liabilities Measured at Fair Value on a Recurring Basis
The following table sets forth the weighted average percentage of the unobservable price components included in the Company’s Level 3 valuations as of December 31, 2022 and 2021.  The Company’s Level 3 measurements may include basis only, transportation cost only, or both price components.  As an example, for Level 3 inventories with basis, the unobservable component as of December 31, 2022 is a weighted average 19.4% of the total price for assets and 15.2% of the total price for liabilities.
 
Weighted Average % of Total Price
 December 31, 2022December 31, 2021
Component TypeAssetsLiabilitiesAssetsLiabilities
Inventories and Related Payables    
Basis19.4%15.2%28.7%13.1%
Transportation cost10.5%—%13.0%—%
Commodity Derivative Contracts    
Basis22.7%26.5%30.0%27.1%
Transportation cost13.5%3.7%8.1%0.7%